Novatek: the first Yamal LNG tanker is likely to be shipped to CNPC

As reported by Mark Jetway, Novatek CFO, the first Yamal LNG tanker might be shipped to CNPC in recognition of company’s contribution to the project and APR market significance.

He had earlier announced that Yamal LNG phase 1 is 97% ready, with overall project status at 89%.

Yamal LNG project with a capacity of 17.5 mtpa is based on South Tambey field. Project shareholders are Novatek (50,1%), Total (20%), CNPC (20%) , and Silk Road Fund (9,9%). Three process trains as of 5,5 mtpa each, along with 1 mtpa train, will be built within the project.

Yamal LNG phase 1 commissioning is scheduled for November 2017.

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